Vodafone Announces Successful Outcome of 3G Auction in India
Vodafone announces that today, 19 May 2010, it successfully secured 2x5 MHz of 3G spectrum in 9 circles in the Indian auction for a total price of 11,617Cr Rupees (£1.74bn).
These circles include Delhi, Mumbai, Kolkata and a further 3 ‘A’ circles and 3 ‘B’ circles providing a strategic footprint covering 66% of Vodafone Essar’s current revenue base.
ittorio Colao, Chief Executive of Vodafone, said "This has been a very competitive auction for limited amounts of spectrum. Vodafone has secured a strategic footprint covering a large proportion of our existing and future revenues, particularly in the Metropolitan areas."
The 9 circles cover 66% of Vodafone Essar revenue, more than 50% of the urban population and more than 50% of India GDP.
Spectrum acquired in the following circles:
Uttar Pradesh E
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